Charles Weldon Discloses Cetera Investor Dispute

Soreide Law Group is actively investigating potential claims on behalf of investors who may have sustained losses due to the actions of securities broker Charles Raymond Weldon (also known as C. Raymond Weldon) [CRD#: 1030659, Boca Raton, Florida]. Evidently, Weldon, who is currently registered with Independent Financial Group LLC, has a history of employment with various firms, including Weldon Company from January 1997 to May 2022, The Investment Center Inc. between February and March 2022, Cetera Advisor Networks LLC from October 2017 to February 2022, and Girard Securities Inc. from May 2004 to November 2017. Namely, some of Weldon’s clients brought disputes alleging unsuitable transactions and breach of fiduciary duty.

Charles Weldon Disclosed Breach Of Fiduciary Duty Allegations By Cetera Advisor Networks LLC Client

Notably, a client of Cetera Advisor Networks LLC contested Charles Weldon’s sales practices by filing FINRA Arbitration: 23-02012 on July 19, 2023. Supposedly, the firm and broker breached fiduciary duty, were negligent, misrepresented information, and failed to adequately supervise. It appears that Weldon's conduct led to the client incurring damages. Therefore, the client is seeking compensatory relief from Cetera Advisor Networks LLC or Weldon in the amount of $100,000 in this unresolved matter.

Girard Securities Inc. Investor Accused Weldon Of Unsuitable Transactions

Specifically, a Girard Securities Inc. client filed FINRA Arbitration: 15-01195 about Charles Weldon. Evidently, the client alleged that Weldon engaged in transactions that were unsuitable for their investment profile. The investor also alleged breached fiduciary duty, failure to supervise, and negligence. As a result of these actions, the client purportedly experienced financial harm involving variable annuities and common and preferred stock. Consequently, on December 2, 2016, Girard Securities Inc. elected to settle the matter, compensating the client with $51,452 in damages.

Cetera Advisor Networks LLC Investor Accused Weldon Of Unsuitable Asset Concentration

Particularly, on March 16, 2023, a Cetera Advisor Networks LLC client filed FINRA Arbitration: 23-00589 about Charles Weldon. Namely, the client alleged that Weldon's advice led to an unsuitable and overconcentrated investment in the technology sector, which caused financial losses. Because of this, the client allegedly sustained damages on common and preferred stock. Therefore, the client requested $500,000 in compensation from Cetera Advisor Networks LLC or Weldon. Evidently, this arbitration is pending a resolution.

Charles Weldon Disclosed Overconcentration Allegations By Cetera Advisor Networks LLC Client

Evidently, a client of Cetera Advisor Networks LLC contested Charles Weldon’s sales practices by filing FINRA Arbitration: 23-00524 on March 3, 2023. Supposedly, Weldon recommended an investment strategy that resulted in the client's portfolio being overconcentrated in similar securities, leading to losses. It appears that Weldon caused the client to sustain damages on equities. Therefore, the client seeks compensatory relief from Cetera Advisor Networks LLC or Weldon.

Seek Legal Assistance For Losses Involving Weldon

Did you experience losses because of Charles Weldon? If so, reach out to Soreide Law Group or at (888) 760-6552 and talk with a securities attorney concerning a potential recovery of your investment losses. Soreide Law Group has recovered losses for investors throughout the United States, works on a contingency fee basis, and advances all costs. Weldon and brokerage firms he worked for deny accusations of sales practice violations. However, if you've been affected by the alleged misconduct of Charles Weldon, it is crucial to take action and explore your options for compensation.